According to the Institute for Wisconsin's Future Governor Walker's slash and burn approach to economics is bleeding Wisconsin's job market dry. Economist Jack Norman presented the group's findings on the Joy Cardin show on Wisconsin Public Radio. The show can be listened to by following the previous link.
Sorry for the short diary, I searched DKos for a mention of this report and came up dry. The study shows a strong negative divergence of Wisconsin's economy from the national ecomomy. Looks pretty simple, take money from workers who spend almost all of it locally just to survive, give it to the rich who squirrel it away and the economy goes to hell.